Southern California’s MLS inventory is growing, thanks to distressed homes. That’s from a report coming in from Dr. Housing Bubble, one of our most fav blogs.
Dr. Housing Bubble says that these distressed homes were supposed to have been put in a loan modification program called HAMP. The ambitious plan was to help upwards of 4 million distressed homeowners but it didn’t reach anywhere near that goal.
What do you do with all that inventory that is now piling up?
How about the good ole MLS?
So these properties are in the MLS now but does that mean prices will come down soon?
Development UPDATES: Another bank begins to destroy 20 homes in Temecula in Southern California. New homes by editor Patrick Thatcher for the Victorville Daily Press-L’effondrement accommodation takes the form of a literal demolished an …
The nation’s inventory of unsold homes – an important component of a more balanced housing market in the second half of 2005 – is growing steadily in many areas of the country even though buyer demand continues strong, according to … The percentage of member real estate agents reporting plentiful vs. limited supplies increased from 33% in the first quarter to 38% in April, May and June. Exceptions would be South Florida, Arizona, Southern California and certain other …
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